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Category Archives: Business News

The Sienna Statewide Poll of Holiday Spending Plans Shows Mixed Results Among New Yorkers

Posted onDecember 19, 2023

Forty-eight percent of New Yorkers plan to spend less than $500 on gifts during this holiday season, according to a new statewide survey of consumers released December 7 by the Siena College Research Institute (SCRI). Sixteen percent of all state residents, including a third of those making $100,000 or more, will spend more than $1,000 this season. Over half, 51 percent, will conduct either between 50 percent-75 percent (29 percent) or between 75 percent-100 percent (22 percent) of their holiday shopping online this year. Over half, 54 percent, will buy gift cards for some on their holiday list.

While 23 percent of state residents say that their finances are improved from this time a year ago, 44 percent say that their finances are unchanged, and nearly a third, 31 percent, say that they are worse off. Half of all New Yorkers say that all of their holiday spending combined, food, gifts and any other holiday spending will have a somewhat (34 percent) or very (15 percent) serious impact on their financial condition. One in five New Yorkers say that they will pay the bills for holiday spending over a period of time that could extend well into 2024.

“Nearly two-thirds of New Yorkers, regardless of how hard the spending will hit their wallet, are excited about the coming season. But, with one-third already feeling economic headwinds, half say ‘I’ll spend on food, gifts, decorations and parties but it’s gonna hurt’,” said SCRI Director, Don Levy. “Among New Yorkers making 50K or less, over 40 percent are worse off today financially than a year ago, nearly half hope to spend less than last year, and 62 percent say even with watching their spending, the holiday bills will hurt.”

A quarter of New Yorkers say that they believe in Santa Claus, down from 39 percent a year ago and tied for the all time low in this Siena survey with 2020, the pandemic year. Seventy-three percent plan to put up a Christmas tree in their home but by over two-to-one, 69 percent-31 percent, they prefer artificial to real. Half, 50 percent, say that they are hoping for snow for the winter holidays while 29 percent prefer not to shovel and 21 percent will take whatever comes.

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Saratoga Race Course Slated to Host Belmont Stakes to Allow for Belmont Park Construction

Posted onDecember 19, 2023
The area will see a significant economic impact when the Belmont Stakes comes to the Saratoga Race Course this summer to allow for construction at Belmont Park.

By Paul Post

Spa City merchants say track season is like having a second Christmas time because of all the extra business it generates.

 Now they’re gearing up for yet another huge windfall with the announcement that Saratoga Race Course will host the June 6-9 Belmont Stakes Festival, which is expected to have a direct $37 million economic impact and generate untold future tourism by creating worldwide media exposure for one of thoroughbred racing’s most historic events.

 The third leg of racing’s Triple Crown is moving upstate because of ongoing construction and renovations at Belmont Park in Queens. “That it gives us the opportunity to really showcase our area to people who have never been here before,” said Deanna Devitt, president of the 200-member Saratoga Springs Downtown Business Association. 

 And excitement surrounding the Belmont Festival is expected to generate momentum and boost attendance for the regular, 40-day racecourse season that begins on Thursday, July 11.

 “Just very, very excited for this opportunity. We can’t wait,” said Marianne Barker of Impressions of Saratoga, a popular Broadway gift and souvenir shop.

 Local business leaders have already begun meeting to make sure Saratoga gets the biggest bang for its buck from this unprecedented opportunity, which Saratoga Chamber of Commerce President Todd Shimkus has likened to the Super Bowl.

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Mr. Bill’s Carhop will Be Jumpin’ Year Round With Takeout and Delivery Service

Posted onDecember 19, 2023
Mr. Bill’s Carhop in South Glens Falls is staying open this winter for the first time ever under new owners Mike and Beatrice Greenough.
Paul Post photo

By Paul Post

The name is the same, but Mr. Bill’s Carhop has a new year-round takeout and delivery service under owners Beatrice and Mike Greenough, who purchased the popular South Glens Falls eatery on August 31.

They’re giving the business a complete makeover, from new menu offerings to a newly-paved parking lot and a safer, more welcoming children’s playground. In place of large red-and-white umbrellas out front, plans call for a covered pavilion to keep customers dry when it rains, and hosting twice-monthly car and bike shows along with Elvis-type live entertainment next summer.

“I really want to make this a fun place in South Glens Falls to go,” Beatrice said.

The venture is right in tune with her entrepreneurial husband’s mindset.

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View Of The Courtyard, One OF Six Visual And Sound Displays At Winter’s Dream Attraction

Posted onDecember 19, 2023
Winter’s Dream, at the Fort William Henry Resort, features light and sound installations designed by Moment Factory of Montreal.

By Paul Post

There was a major concern after last year’s mild, rainy winter that Ice Castles wouldn’t return to Lake George.

In 2022, the frosty attraction had drawn tens of thousands of visitors, helping boost year-round tourism.

In February, shortly before retiring, former Mayor Bob Blais called together a meeting of local business leaders with a goal of finding a new way to bring people to Lake George during the cold-weather months. They formed a new group called Warren County Coalition.

The result of their efforts is Winter’s Dream, an outdoor multi-sensory experience at Fort William Henry museum that helps people enjoy the beauty of winter in a colorful new way with lights, sound, music and video projection.

“There are several words you can use to describe Winter’s Dream. Mystical, immersive, beautiful, thought-provoking, but as you’ll soon see Winter’s Dream is nothing short of magical,” said Mayor Ray Perry, Blais’s successor. “This will forever change the way people think of Lake George as well as the way they think of winter. Adults and children alike, when they think of winter, they’ll think of Lake George.”

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Warren County Leverages Enchanting Winter Offerings To Boost Spirits And Sales Tax Revenue

Posted onNovember 22, 2023
From left to right are Board of Supervisors Chairman Kevin Geraghty of Warrensburg, Tourism Director Heather Bagshaw and Budget Officer and Stony Creek Supervisor Frank Thomas.

By Paul Post

 Warren County officials are counting heavily on Lake George winter attractions to boost declining sales tax revenue caused by ongoing national economic woes.

 Such income was running 10 percent ahead of last year’s numbers, but declined to 2.9 percent by the end of the third quarter. At the same time, inflation has forced up spending across the board, from higher salaries and retirement costs to rising fuel and utility expense.

 “It’s not sustainable,” county Budget Officer and Stony Creek Supervisor Frank Thomas said. “I think the economy is slowing. Interest rates are way up. People don’t have as much money as they would like.”

 About $5 million in funding requests for things such as paving projects and new vehicles were denied in the tentative $192 million, 2024 budget unveiled on November 3.

 Thomas, board of Supervisors Chairman Kevin Geraghty of Warrenburgh and new county Tourism Director Heather Bagshaw discussed such issues during a “State of the County” event held at the Park Theater in downtown Glens Falls with several dozen business and local government officials on hand.

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Explore Lake George’s Triple Thrill, Winter’s Dream, Realms, And Carnival

Posted onNovember 22, 2023November 22, 2023
Lake George Winter’s Dream, Winter Realms, and Lake George Winter Carnival for 2023-2024 winter season in Lake George, NY,

By Joe Legault

The 2023-2024 winter season in Lake George, NY, is shaping up to be a truly memorable one for both residents and visitors to the area. This winter will include not one, not two, but three amazing events: Lake George Winter’s Dream, Winter Realms, and Lake George Winter Carnival.

Wondering what to expect? Explore the differences between each event, and why you should add all three to your family’s winter itinerary.

Lake George Winter’s Dream

Lake George Winter’s Dream is an all-new immersive experience where lights, original music, sounds, and interactivity come together to showcase the magic of winter. It will be held at the Fort William Henry Historical Fortress in Lake George, specifically the outdoor courtyard and on all four bastions.

This extraordinary attraction is being created by the award-winning multimedia studio Moment Factory, which has designed over 500 unique projects worldwide. Lake George Winter’s Dream will feature a series of multimedia installations that draw on the rich emotions, sensations, and wonder of the season.

It’s a family-friendly event intended for ages 7+, and exploration of the attraction will take 40-60 minutes. Lake George Winter’s Dream will be held December 8, 2023 – March 31, 2024 (Sunset-10PM), and it will be open every day except Tuesdays (special open/closed dates for the holidays). Tickets are available now at lakegeorge.wintersdream.com

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Warren-Washington IDA Receives $4.7M Boost For Infrastructure Development

Posted onNovember 22, 2023

The Warren-Washington IDA is thrilled to announce that it has been awarded a $4.7 million grant from New York State to construct a sewer system and improve the water infrastructure at its shovel-ready Canalside Energy Park in Fort Edward.

“This is a game-changing development for bringing new businesses, jobs and economic growth to Washington and Warren Counties,” said IDA Chairman Dave O’Brien. “We are grateful to Gov. Hochul and Empire State Development for recognizing the potential in this Park and helping the IDA take it to the next level of readiness for prospective tenants. We also owe a great deal of gratitude to the team at the Lake George-Lake Champlain Regional Planning Board for joining with us to prepare our application and champion the attributes of this tremendous property. This was truly a regional effort that will have region-wide benefits for years to come.”

The Canalside Energy Park is an 80-acre, industrial-zoned site featuring two industrial buildings of 41,000 and 25,000 square feet, with considerable acreage for expansion and new construction. The Park has an on-site rail yard located next to a Class 1 rail line and the New York State Champlain Canal, and also features an extensive concrete tarmac, robust industrial power, fiber optic service, and extensive stormwater controls. The IDA acquired the Park — formerly the home of General Electric’s de-watering facility during the Hudson River dredging project  —  in January 2022 and is actively marketing it for agribusiness, industrial machinery manufacturing, renewable energy manufacturing, and other uses.

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Reviving Dreams: Construction Underway At South Street Market Center Project

Posted onNovember 22, 2023
State and city officials took part in an October 20 ceremonial groundbreaking for the $4.5 million new Market Center on South Street Glens Falls.

By Paul Post

 Gregg Singer and Larissa Ovitt are bridging a gap in Glens Falls’ downtown revitalization, which took a giant leap forward with the long-anticipated groundbreaking for a $4.5 million Market Center on South Street. 

State and city officials tossed shovels full of dirt to mark the momentous occasion, the latest in a series of projects contributing to Hometown USA’s rebirth.

While dust was still settling, Singer and Ovitt welcomed guests to their new cozy business, Golden Monkey Lounge, directly across the street. They’ve spent more than a half-million dollars refurbishing the building near the west end of South Street, which is also home to a new Taco Kings Jalisco eatery. 

“The city wants to turn this into an event block,” Ovitt said. “We’re working on this building to make something that works in collaboration with everything that continues, not just across the street, but coming up South Street and downtown as a whole. It’s certainly very encouraging now that they’re running full speed ahead with the Market Center.”

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Crafting More Than Beer: Common Roots’ Bierhall & Barrel House Adds Breakfast Fare

Posted onNovember 22, 2023
Common Roots Brewing Company brings breakfast to the new Bierhall and Warehouse building. The $3.60M project on the south side of the Common Roots restaurant expands new opportunities.

By Paul Post

 Common Roots Brewing Company, best-known for its popular craft beer and ale, now helps people start their day right by serving up fresh coffee, roasted on site, and a selection of  tasty breakfast sandwiches.
The Café, open 7 a.m. to noon Monday to Friday, is located in the firm’s spacious new multi-purpose building, which Lieutenant Governor Antonio Delgado christened during recent ribbon cutting ceremonies.

 “We started roasting our own coffee because it’s an important ingredient for some of our beers like our Coffee Cup stout,” said Bert Weber, who co-owns Common Roots with his son, Christian. “It became kind of a progression after that. While we’re making coffee we thought it might be a nice way to introduce the public to this space. So we have a lot of people coming in now for coffee and an egg sandwich or breakfast burrito. It’s exposing the space to people who might see it as a nice place to have a celebration or party.”

 The new building, called Bierhall & Barrel House, is on the south side of Common Roots’ restaurant and brewery, at 58 Saratoga Avenue in South Glens Falls.

 The $3.6 million structure, aided by $450,000 in state economic development funding, can accommodate up to 200 people and has already hosted a wedding and a travel program about a local adventurer’s trek to the Himalayas in Nepal.

 “This gives us a lot of opportunities,” Weber said. “The acoustics are pretty good so we might use it as a live music venue at some point, too. It’s multi-functional. There’s a full kitchen so there’s a special menu for events like weddings, banquets and celebrations. When there’s no event going on, we can use it to handle overflow from the restaurant and serve the same menu that’s over there.”

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AllTown Fresh Market Grand Opening Draws Crowds And Acclaim In Fort Edward

Posted onNovember 22, 2023
Alltown Fresh market located at 1401 Saratoga Road (Route 9) between South Glens Falls and Gansevoort has opened.

By Jill Nagy

There was such a large crowd at the October 27 opening of the AllTown Fresh market in Fort Edward,” that “it was very difficult to move,” exulted Holly Kitchen, manager of the new market. There was a state senator, two town supervisors, president of the Adirondack Chamber of Commerce, the local radio station, many company officers, several chefs, and, of course, the neighbors, “a fantastic turnout,” Kitchen said.

After the ribbon-cutting, party goers sampled the food, visited a coffee trailer, played games, and toured the new shop. 

The store is located at 1401 Saratoga Road (Route 9) between South Glens Falls and Gansevoort.

AllTown features chef-run kitchens, preparing sandwiches, salads, and full meals, made with organic, locally sourced foods and ingredients. They offer vegan and gluten-free selections. The markets are open around the clock, with the kitchen open from 6 a.m. to 6 p.m. Available beverages include beer as well as coffee and soft drinks. There is free wifi on the premises and outdoor patio seating. Another big draw, according to Kitchen, is “fantastic gas prices.”  .

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